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Visit our dedicated small business restructuring site for small business owners facing financial distress.
Temporary relief periods (or temporary debt protection (TDP)) provide a crucial breathing space. This 21-day grace period, granted in the face of a creditor's court order, allows businesses a moment to restructure their finances and thoroughly consider all available routes to fulfil their obligations.
Further Reading
Title | Short Summary |
|---|---|
Beyond Blue - New Access for Small Business Owners | Tailored mental health coaching for small business owners, with free, confidential sessions designed to manage stress through Cognitive Behavioural Therapy. |
ASIC Closing A Small Business | Guidance for winding up companies and trusts, covering voluntary and ASIC-initiated deregistration, plus when to seek professional advice if your business is insolvent. |
ACCC's Debt Collection Guideline for Collectors & Creditors | This joint ACCC and ASIC guideline sets out how consumer protection laws apply to debt collection in Australia. It covers enforcement responsibilities, key definitions, and the rights and obligations of both collectors and creditors. A practical reference for anyone involved in managing or recovering debts. |
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